JETAIRWAYS license to be cancelled ?

Jet Airways is suffering with heavy financial crises. Due to this, they had stopped their operation from April17, 2019 onwards. And nobody comes forward to buy this company also, in this situation Aviation ministry decided to sell the International Air routes of Jet to the companies who applies at the earliest. This decision taken by the ministry because of the deadline given by SBI in selling the Jet Airways is exhausted.

And administrators expect that there will be a demand for the air route like Singapore, Thailand and Middle East countries. Sources also say that companies are asking for it. But since nobody is ready to purchase Jet Airways, expert says the buying of International Air Routes by the companies is also a question mark. However the ministry has given some positive sign that if Jet airways restart the operation, the air route license will be handed over again. This gives confident to Jet airways people. 

But the country expects that such a big giant airways to be restarted. It has to serve the nation. Ex employees also planning to mobilise funds nearly 3000 crores from foreign countries to give breathe to company. For this shake they have approached banks help like PNB, SBI and ICICI also.